At the turn of autumn and winter, A shares are full of naked swimmers after low tide. Almost all companies struggling near face value wear "* ST" hats.
It is said that Huaye Capital, known as the "undead bird" of A shares, is finally going to "die". After the share price is lower than its face value for 20 consecutive days, it has reached the delisting standard. I just heard. I didn't see it in person. But I have seen Huaye come back from the dead many times. When the stock price sank to its face value for a period of time, it struggled to surface, take a breath of air and prolong its life. I have also seen the moneymaking effect of the floor, and it is not worth enviing, I think.
However, in a large number of A-share delisting companies, the most troubled is the Huaye capital. Some seniors often told me that if the total share capital of a company whose share price hovers near its face value is astonishingly large, it is mostly due to the experience of high delivery in the early stage, and then the performance is so thunderous that the stock price avalanche, it is easier to touch the face value delisting clause. The seemingly low stock price corresponds to a huge total market capitalization, and the risk of inflated valuation is buried secretly, but only the vigilant can see it and sell it early. It is much more interesting to talk about older generations, such as how Huaye changed from a company mainly engaged in real estate to an equal emphasis on real estate, medical care and finance, but how it lost tens of billions of dollars directly because of stepping on the accounts receivable covered by the "turnip stamp". How to lift the stock price to save itself every time facing a recession crisis, and even how to take advantage of the company's shell psychology to maximize arbitrage. How to decide whether to stay or not at the last pass was very thrilling, but now I have forgotten all about it. All in all, Huaye has finally touched the standard of face value delisting and has to be suspended pending the "verdict" of the exchange.
At that time, one of people's most urgent hopes was that the delisting system of A shares could be strictly implemented, but the effect was always ineffective. Almost everyone was familiar with the secret of shell preservation after losing two years and earning another year. Later, when the exchange revised the rules, it unexpectedly added this denomination delisting clause, although it is only an inconspicuous one, but in A shares, it can be regarded as a "grass snake gray line, thousands of miles" in general. There is no objection to the concise and clear rules and the result of the market's own trading. Finally, after Zhonghong tasted something new, it was followed by the young eagle, followed by Inge, Huaxin, Big Control, Shencheng, and Huaye.
Now, this policy has had a wonderful effect. The number of companies delisted this year alone has greatly exceeded the number of delisting companies in other years. Then why are the investors all over the world so happy? This is proved by facts. Try to listen to public opinion online and offline. Where there are scattered organizations and experts and scholars, apart from a few who have some problems in their minds, is there anyone who does not think that the delisting of A shares is so weak that the garbage cannot be cleared and disturbs the metabolism of the stock market? so that it can't develop healthily?
Listed companies should have focused on their main business and rewarded shareholders with good performance and excellent stock price performance. However, individual companies are obsessed with the so-called capital operation, from time to time mixed with high delivery and other routines, to achieve the purpose of driving up the stock price. Just like taking drugs, there is a feeling of excitement at the beginning, but it covers up the diseases of the body. after path dependence, only by constantly increasing the dose can the body be stressed and eventually become terminally ill with a dose of "tens of billions of false claims." to end his career in the capital market.
At the turn of autumn and winter, A shares are full of naked swimmers after low tide. Companies struggling near face value almost all wear "* ST" hats to inform shareholders of the risks. Pick up one casually and open its financial report, which is either a series of losses or a terrible net worth. At the time of listing, Chen described the initial intention of being bigger and stronger, and the return of investors released at the time of backdoor, there is no longer the following. The so-called favorable announcements issued from time to time always show signs of affectation under the inquiry of the exchange. And the occasional rebound will not change the trend of running to the southeast after all. In the face of the increasing stock supply of listed companies and the decreasing number of shareholders, in addition to showing their desire for survival, how many people can they deceive? Don't they know that they have to pay it back when they come out to hang out?